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CB&I Wins Early Works Contract for Proposed Ethane Cracker in Lake Charles
(Wednesday, September 02, 2015) CB&I has been awarded an early works contract by a JV between Axiall and Lotte Chemical to provide additional detailed engineering and early procurement services associated with the proposed LACC Ethane Cracker Project in Lake Charles, La.
Braskem Says New Naphtha Deal with Petrobras Nearly Done
(Tuesday, September 01, 2015) Brazilian petrochemical company Braskem SA said on Tuesday it was finalizing a short-term extension of its contract to buy naphtha from state-run oil company Petrobras, avoiding an interruption to operations.
Indian Oil Said to Plan $3 Billion Petchem Plant in Iran
(Monday, August 31, 2015) Indian Oil Corp. is seeking to build a $3 billion petrochemicals plant in Iran, according to people with direct knowledge of the matter.
China Chemical Safety Problems Highlighted Before Tianjin Blasts
(Monday, August 24, 2015) Several warnings preceded the deadly blasts at the Chinese port of Tianjin, including a state-backed research paper highlighting the risk of "grave accidents and casualties" in the chemicals sector.
World War Two Bomb Found at BASF Plant in Germany
(Friday, August 21, 2015) German chemicals firm BASF said on Friday that a World War Two bomb was found at its plant in Ludwigshafen and would be defused next month.
Saudi's Ma'aden Says Subsidiary to Shut Ammonia Plant for 14 Days from Fri
(Thursday, August 20, 2015) A subsidiary of Saudi Arabian Mining Co will shut down its ammonia plant for 14 days from Friday for repairs to its heat exchanger, the firm commonly known as Ma'aden said in a bourse filing on Thursday.
Mitsui Chem to Reduce Cracker Runs for Maintenance
(Thursday, August 20, 2015) Japan's Mitsui Chemicals Inc said on Thursday it would reduce the run rate of its 500,000 tonnes per year naphtha cracker in Osaka, western Japan, between Sept. 6 and Sept. 12.
Russian Brewers Agree to Limit Size of Plastic Bottles
(Wednesday, August 19, 2015) Russian brewers sell nearly half their beer in plastic bottles, which are cheaper than glass.
YCI Buys Land for Nearly $2B Louisiana Methanol Complex
(Tuesday, August 18, 2015) The project represents the first major direct investment by a Chinese company in Louisiana, according to YCI.
Britain Offers New Shale Gas Sites for First Time in Seven Years
(Tuesday, August 18, 2015) INEOS has applied for shale gas licenses in Scotland as part of a $1 billion investment plan but has so far been unable to proceed due to the moratorium.
Iran Expects Petrochemical Exports Surge after Sanctions Lifted -IRNA
(Monday, August 17, 2015) Iran expects to increase petrochemical exports by up to a quarter by the end of 2016 after sanctions are lifted, a senior official was quoted as saying on Saturday.
Chinese Dragon Tankers Helping U.S. Export Forgotten Hydrocarbon
(Thursday, August 13, 2015) So-called dragon-class tankers will move ethane piped from U.S. shale fields to a Pennsylvania terminal, across the Atlantic to Norway and Scotland, where Ineos will process the natural gas liquid into chemicals used to make plastics.
Here's One Big Winner From the Collapse in Oil Prices: Tire Manufacturers
(Wednesday, August 12, 2015) Few industrial companies will celebrate the collapse in oil prices to below $50 a barrel more than the world's largest tire manufacturers.
LyondellBasell to Buy Indian PPC Maker in Automotive Push
(Monday, August 10, 2015) LyondellBasell Industries will buy polypropylene compounds (PPC) maker SJS Plastiblends, the companies said on Monday, as the plastics and chemicals maker sought a greater share in India's growing automotive market.
Braskem CEO Sees 'No Grounds' for Petrobras Deal Accusation
(Friday, August 07, 2015) The chief executive of Braskem SA said on Friday that Latin America's largest petrochemical company is not currently facing legal action related to a naphtha supply contract with its second largest shareholder, Brazil's Petrobras.
Braskem Posts Strong Profit, Offers New Petrobras Contract
(Thursday, August 06, 2015) Brazilian petrochemical giant Braskem SA on Thursday reported a sharp jump in quarterly profit, and its chief executive said it had proposed a flexible new supply contract with state-run oil firm Petrobras .
Obama Issues Challenge on Climate Change with Power Plant Rule
(Monday, August 03, 2015) President Barack Obama challenged America and the world to step up efforts to fight global warming at the formal unveiling of his administration's controversial, ramped-up plan to cut carbon emissions from U.S. power plants.
U.S. Nuclear Operators Try to Save Plants with Carbon Emission Rule
(Friday, July 31, 2015) The U.S. nuclear industry makes a last-minute push to urge the Obama administration to protect the country's 100 nuclear units in its forthcoming carbon rule and prevent the early retirement of several plants.
In Hideaway for Brazil's Rich, a New Scandal Emerges
(Friday, July 31, 2015) Just south of Rio de Janeiro, along a strip of coastline known for its white-sand beaches and high-end resorts, Brazil's next big corruption scandal is starting to unfold.
S.Korea's Lotte Chemical to Expand its Malaysia Naphtha Cracking Centre
(Thursday, July 30, 2015) South Korea's Lotte Chemical Corp said on Thursday the petrochemical firm would expand its naphtha cracking centre in Malaysia at a cost of 300 billion Korean won ($257 million).